ERC

News & Events

11.22.2024

Our experts share insights on the IRS’s newly created office, its use of AI, and an update on ERC processing

The Internal Revenue Service (“IRS”) has recently announced several achievements, including the development of a new program office, while also acknowledging difficulties in areas such as the processing of coronavirus disease (“COVID”)-era tax credits.

News & Events

11.19.2024

IRS Denied Your Employee Retention Credit (ERC) Claim — Now What?

The IRS is moving forward with issuing tens of thousands of denial/disallowance letters to applicants of the Employee Retention Credit (ERC).

News & Events

06.27.2024

Address ERC Backlog, Taxpayer Advocate Urges

The IRS should substantially increase the number of employee retention credit claims it processes in order to help businesses with legitimate claims, National Taxpayer Advocate Erin Collins said.

News & Events

06.21.2024

IRS to Reject Billions of Dollars in ‘Improper’ ERC Claims

The IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings.

News & Events

01.02.2024

Taxpayers Concerned About Fraudulent ERC Claims Must Act Now

While Covid-19 relief appropriations pulled many businesses from the brink of demise, an onslaught of associated fraud has come to the surface, especially regarding claims for the employee retention credit.

Article

10.30.2023

Amending Corporate Tax Returns with Form 1120X

Filing corporate tax returns can be a complex and time-consuming process for businesses. Mistakes can happen, leading to missed opportunities for tax incentives and credits.

Article

10.23.2023

5 Warning Signs to Spot a Fake ERC Provider

The Employee Retention Credit is the most powerful credit available to businesses nationwide. But with scams and unreliable providers on the rise, growing concerns have led to the IRS moratorium on ERC to protect honest taxpayers.

News & Events

09.19.2023

‘Tsunami’ of ERC claims required IRS action to halt fraud, experts say

This is the type of language used on websites and in TV ads to get small businesses to apply for the employee retention credit (ERC), a pandemic-era program that applied in 2020 and 2021.

News & Events

09.15.2023

IRS to Stop Processing Employee Retention Credits Until 2024

The Internal Revenue Service is cracking down on fraudulent Employee Retention Tax Credit claims and will not process any new claims from businesses through at least the end of the year.

News & Events

09.08.2023

alliantgroup Vice Chairman and Former IRS Commissioner, Mark Everson Statement on Today’s IRS Announcement on ERC

At alliantgroup we have helped thousands of taxpayers claim this important benefit. That said, we have also screened out thousands of potential claimants who don’t qualify for the Employee Retention Credit.